Larry J. Thibodeaux, 66, of Duson, La., was sentenced to 12 months and one day in prison for attempting to evade and defeat payment of tax.
Thibodeaux, the president and sole shareholder of Thib’s Trailers in Duson, underreported taxes on IRS forms from 2012 to 2014, resulting in a total loss to the U.S. Treasury of $248,777.
According to the November 16, 2016 guilty plea, the corporate tax loss for the three years was $110,970, and the individual tax loss was $137,807.
U.S. District Judge Donald E. Walter also ordered Thibodeaux to pay $248,777 in restitution and a $50,000 fine as part of his sentence.
Thibodeaux will also serve one year of supervised release after his prison sentence is completed.
The Internal Revenue Service (IRS) Criminal Investigations conducted the investigation, and Assistant U.S. Attorney Daniel J. McCoy prosecuted the case.
Thibodeaux’s trial is a reminder that tax evasion will not be tolerated in our community, and those who attempt to cheat the system will face serious consequences.
The case highlights the importance of reporting income and paying taxes accurately to support our vital public services and infrastructure.
Related Federal Cases
- James Lynden Burton, Willful Tax Evasion, LA 2024 · Louisiana
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- Larry Malone Sentenced for Bank Fraud, Bainbridge GA, 2014 · Florida
- Julie Merlin Zanco, Tax Fraud, New Orleans LA, 2023 · Louisiana
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Key Facts
- State: Louisiana
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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